I need a pep talk

[Gardnr]

Quote:

Originally Posted by 2B You might be able to absorb a phantom load charge by holding many years but some of the ETFs have pretty nasty management costs. Don't equate ETFs with the 0.09% charged by SPY. Homework is necessary here like everything else.

Absolutely. I was remiss in not specifying that I would only consider very low expense ETFs, like Vanguard, etc. That goes without saying (at least it did in my post ),

[Gone4Good]

Quote:

Originally Posted by FinanceDude I can duplicate an index fund with ETFs for less than what Vanguard charges for annual expenses, but that's another thread.......

And that's perfectly acceptable . . . unless you're talking about someone who is trying to build wealth by investing $100 per month, in which case it is a "crime".

[cute fuzzy bunny]

Quote:

Originally Posted by 2B You're tougher than CFB.

Hey, I go easy on people all the time.

By the way, this thread was hell to read, what with having to wade through all the dozens and dozens of posts from people rushing to support Art.

[FinanceDude]

Quote:

Originally Posted by 2B Unfortunately, I haven't heard much in the way of professional advice. Everything has been sales hype. Requests for significant data has never received a complete/partial response. There is a basic human desire to think that some expert can do better than the market indexes but repeated, independent studies say it doesn't happen. I would love to change my mind when the facts change.

What kind of professional advice were you expecting? Look back on page one, OP asked if the SB Trak funds wrap account was a good idea. Numerous people said no, that probably was good enough for OP, who hasn't posted anything since page one........

So, I guess we are on to question two??

[FinanceDude]

Quote:

Originally Posted by . . . Yrs to Go And that's perfectly acceptable . . . unless you're talking about someone who is trying to build wealth by investing $100 per month, in which case it is a "crime".

My clients have money, you were confusing me with your local insurance "expert" who moonlights as an FA in his/er spare time.......